Big Bank's Analyst Worries That Iran Deal Could Depress Weapons Sales

[Chef Ramsay]

Could a deal to normalize Western relations with Iran and set limits on Iran’s development of nuclear technology lead to a more peaceful and less-weaponized Middle East?

That’s what supporters of the Iran negotiations certainly hope to achieve. But the prospect of stability has at least one financial analyst concerned about its impact on one of the world’s biggest defense contractors.

The possibility of an Iran nuclear deal depressing weapons sales was raised by Myles Walton, an analyst from Germany’s Deutsche Bank, during a Lockheed earnings call this past January 27th. Walton asked Marillyn Hewson, the chief executive of Lockheed Martin, if an Iran agreement could “impede what you see as progress in foreign military sales.” Financial industry analysts such as Walton use earnings calls as an opportunity to ask publicly-traded corporations like Lockheed about issues that might harm profitability.

More...https://firstlook.org/theintercept/2015/03/20/asked-iran-deal-potentially-slowing-military-sales-lockheed-martin-ceo-says-volatility-brings-growth/

[Agestorzrxx]

All of this posturing over Iran is about weapons contractors losing contracts. Of course...its disgusting.
The general public doesn't remember how the US set up a puppet regime with the Shah of Iran, who stole and spent so lavishly that the Iranians deposed him. The US has had their hands in Iranian oil for decades. The revolution was thought to bring back Iran to Iranians, but no one knew the Khoemeni would be so right wing and repressive. Now the Republicans are getting in on the act, messing with Iran when Obama is working on a peace deal. I get it now. Peace deal...no weapons sales. This is sickening.